Kevin McCarthy is a renowned American politician and businessman. He is currently serving as the Minority Leader of the United States House of Representatives since 2019. He has been a member of the House of Representatives since 2007, representing the 23rd District of California.
Apart from his political career, Kevin McCarthy is also a successful businessman with a diversified portfolio of investments. In this article, we will delve into Kevin McCarthy’s net worth and explore the various sources of his income.
Kevin McCarthy’s Net Worth
According to reports, as of 2023, Kevin McCarthy’s net worth is estimated to be around $95 Million. The majority of his wealth comes from his investments in real estate, stocks, and bonds. In addition, he receives a significant salary as the Minority Leader of the House of Representatives.
Real Estate
McCarthy and his wife own a house in Bakersfield, California, that was built in 1987 and is 1,571 square feet. Kevin and Judy bought the house in 1996.
It has three bedrooms and two bathrooms. McCarthy’s 2019 financial disclosure said that his mortgage on the home at the time was between $50,001 and $100,000. The home’s market value was about $300,000.
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Early Life and Career
Kevin McCarthy was born on January 26, 1965, in Bakersfield, California. He grew up in a family that owned a small business in the region.
He graduated from California State University, Bakersfield, with a degree in marketing. After graduation, he started his own small business, which eventually led him to become involved in politics.
Political Career
Kevin McCarthy’s political career began in 2002 when he was elected to the California State Assembly. In 2006, he was elected to the United States House of Representatives, representing California’s 22nd district. In 2012, he was re-elected to Congress, representing California’s 23rd district.
In 2014, Kevin McCarthy was elected as the Majority Leader of the House of Representatives. He was considered one of the most influential Republicans in the House of Representatives during his tenure as the Majority Leader.
In 2019, he was elected as the Minority Leader of the House of Representatives after Republicans lost the majority in the House of Representatives during the 2018 midterm elections.
Business Ventures
Apart from his political career, Kevin McCarthy has also been involved in various business ventures. In 1999, he founded a small business called Kevin O’s Deli, which he later sold. He has also invested in several real estate properties, including a hotel in Bakersfield, California, and a winery in Napa Valley.
In addition, Kevin McCarthy has invested in various stocks and bonds. He has also received royalties from his book, “Young Guns: A New Generation of Conservative Leaders,” which he co-authored with Paul Ryan and Eric Cantor.
Political Views
Kevin McCarthy is a Republican and a conservative. He is known for his support of lower taxes, limited government, and a strong national defense. He has also been a vocal supporter of President Donald Trump and his policies.
Controversies
Kevin McCarthy has been involved in several controversies during his political career. In 2014, he faced criticism for comments he made about the Benghazi attacks, in which he suggested that the investigation was politically motivated. He later apologized for his comments.
In 2018, he faced criticism for his handling of sexual harassment allegations against Republican Congressman Blake Farenthold. He was accused of protecting Farenthold and pressuring his staff not to report the allegations.
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Personal Life
Kevin married Judy Wages in 1992, and they have two kids, Meghan and Connor. McCarthy used to be on the board of the Community Action Partnership of Kern, and he likes the Los Angeles Dodgers baseball team.
Soon after Kevin dropped out of the race for Speaker of the House in 2015, he was accused of having an affair with Republican congresswoman Renee Ellmers, who was married at the time.
A few days before McCarthy quit, Representative Walter B. Jones Jr. sent Cathy McMorris Rodgers a letter in which he asked his fellow Republican members of Congress to step down if they had done “misdeeds.” Both McCarthy and Ellmers denied that they were having an affair.
Frequently Asked Questions
What is Kevin Mccarthy’s Net Worth?
As of 2023, Kevin McCarthy’s net worth is estimated to be around $14 million. The majority of his wealth comes from his investments in real estate, stocks, and bonds, and he receives a significant salary as the Minority Leader of the House of Representatives.
What Business Ventures Has Kevin Mccarthy Been Involved in?
Apart from his political career, Kevin McCarthy has been involved in various business ventures. He founded a small business called Kevin O’s Deli, which he later sold. He has also invested in several real estate properties, including a hotel in Bakersfield, California, and a winery in Napa Valley.
In addition, he has invested in various stocks and bonds and has received royalties from his book, “Young Guns: A New Generation of Conservative Leaders.”
What Political Views Does Kevin McCarthy Hold?
Kevin McCarthy is a Republican and a conservative. He is known for his support of lower taxes, limited government, and a strong national defense. He has also been a vocal supporter of former President Donald Trump and his policies.
Conclusion
Kevin McCarthy’s net worth primarily comes from his investments in real estate, stocks, and bonds, as well as his salary as the Minority Leader of the House of Representatives. He has been involved in various business ventures and is known for his conservative political views. Despite facing controversies during his political career, McCarthy managed to maintain his wealth and position in the Republican party.
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